Cirtek unit bags telco contract

Sep 16, 2020

Cirtek unit bags telco contract

The Philippine Star

Iris Gonzales

MANILA, Philippines — Cirtek Holdings Philippines Corp., through its wholly owned subsidiary Quintel USA Inc., has bagged a new contract.

In a disclosure to the Philippine Stock Exchange yesterday, Cirtek said Quintel signed a master purchase agreement with a telecommunications operator wherein Quintel would provide the telco’s needs to launch full commercial services on fresh spectrum for 5G services from 2021 and beyond.

Quintel will launch a new platform of small cell antenna products to complement its growing multi-port base station antenna portfolio designed and tailored specifically to its new customer’s next generation network.

This is to be built around existing frequencies as well as overlaying newly assigned 5G spectrum under a compact, feature-rich form factor with 4G and 3G backwards compatibility.

Michael Liu, Quintel president and Cirtek Holdings Philippines Corp EVP said Quintel’s 14-port canister covers all low-band spectrum and mid-band spectrum in North America, vital for delivering 5G services.

Cirtek Holdings Philippines is a listed entity in the local bourse and is the holding company of three wholly-owned subsidiaries.

Quintel, meanwhile, is a Silicon Valley-based technology company that designs, develops and delivers advanced high efficiency, high performance base station antenna solutions that help mobile operators increase efficiency, enhance quality of service, slash costs and accelerate returns.

It delivers innovative, high-quality, high-reliability, optimized, multi-port antenna solutions for the North American markets.

Another subsidiary, Cirtek Electronics Corp provides full turnkey solutions from package design and development, wafer probing, wafer back grinding, assembly, test development, final testing, warehousing and drop shipment for semiconductor devices used in communications, consumer electronics, computing, medical, industrial, automotive, aerospace, military and defense applications.

  • Oct 28, 2021

    Cirtek new shares offer gets SEC nod

    Published by Manila Times

    THE Securities and Exchange Commission (SEC) has cleared the P3.5-billion preferred shares offering of tech manufacturer, Cirtek Holdings Philippines Corp.

    The commission on Wednesday said it has approved Cirtek's registration statement in its meeting on October 26.

    The registration statement covers 50 million preferred B-2 Subseries C and D shares priced at P50 apiece, with an oversubscription option of up to 20 million shares.

    Cirtek looks to raise up to P3.44 billion from the offer, which will refinance the company's existing debt, partially pay its maturing debt a...

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  • Jul 14, 2021

    Quintel renews deal with N. American telcos

    Published By Malaya Business Insight

    Cirtek Holdings Philippines Corp.’s telecom base antenna unit Quintel USA Inc. has secured five more years of contract to supply antennas to two leading carriers in North America.

    Cirtek said this is following a series of new product introductions released by Quintel when 5G is at an inflection point.

    “Quintel’s 5G products are precisely designed with the customer’s network architecture in mind allowing synergies in terms of backwards compatibility to existing infrastructure while providing 5G capability at a fraction of the cost against competitor products...

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  • Oct 27, 2021

    Jerry Liu gets SEC’s nod to proceed with Cirtek’s preferred share offer

    Published by Bilyonaryo

    The Securities and Exchange Commission (SEC) has approved the plan of Jerry Liu-led Cirtek Holdings Philippines Corp. to raise up to P3.5 billion from the sale of preferred shares.

    Cirtek is selling up to 70 million preferred shares at P50 per share.

    Net proceeds from the offering, amounting to P3.44 billion, will be used to refinance debt, pay down maturing obligations and support capital expenditure requirements.

    The offering will start on November 25 and will run until December 3, in time for the listing of the preferred shares on the Philippine Stock Exchange on Dec...

    Read more